Ferre Institute Inc

Analysis

Ferre Institute Inc is a registered charity in United States, based in Binghamton, NY. It received its IRS tax-exemption ruling in February 1994, 32 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Ferre Institute Inc reported income of $1.2m and spending of $1.3m, spending 105% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $471k to $1.2m (+162%), an average of +38% a year. The sharpest change came in the year to June 2021, when income rose by 142%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Ferre Institute Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include Angels Among US ($1.2m), West Georgia Health Foundation Inc ($1.2m) and Vibrant Woman-Mama Sana ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 63% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $75k (5.8% of expenses). Other salaries and wages came to $340k. At year end it held assets of $489k against liabilities of $446k, net assets of $42k. It reported 16 employees.